Program Overview

Master of Science in Real Estate Development (MSRED)

The Master of Science in Real Estate Development (MSRED) at Fordham University is a 36-credit program that focuses on the specialized legal, financial, analytical, management, and entrepreneurial skills required in the world of real estate development.

At a Glance

• Program: Master of Science
• Credit Hours: 36 credits
• Duration: 1 year (full time) or 2+ years (part time)
• Location: Online or Hybrid (in-person classes at Lincoln Center campus)
• Applications Due: Applications will be considered on a rolling basis
• Cost per Credit: $1,695
• Tuition Cost: $61,020
• Scholarship Awards Available
• No GRE/GMAT Required

Program Facts

The total CRE property value in the U.S. is $21 trillion, with NYC being the #1 market for real estate employment.

Program Specifics

Overview

The 36-credit Master of Science in real estate development focuses on the specialized legal, financial, analytical, and project-based professional knowledge and skills required in the multidisciplinary, creative, and entrepreneurial world of real estate development.

Admission Information

• Deadlines: We accept students on a rolling basis, but our preferred deadlines are June 1 for fall admission and November 1 for spring admission. International applicants are strongly encouraged to apply by April 1 for fall admission and October 15 for spring admission.
• Application Requirements:
  • Official undergraduate transcript(s) from an accredited university
  • Resume or CV
  • Personal Statement: Tell us about your decision to pursue a master's degree at the Fordham Real Estate Institute. How will this degree help you to achieve both your short-term and long-term goals? What skills will you combine with this degree to achieve them?
  • Two letters of recommendation
  • GMAT test scores, if available

Financial Aid

The Fordham Real Estate Institute offers several scholarship opportunities to incoming students. This is financial aid that you don't have to pay back. Students must be enrolled in a minimum of six graduate credits in the fall and spring semester and maintain a 3.0 grade point average. Additional payment plans and loan programs are available through Fordham's graduate financial aid program.

• Dean's Awards up to $10,000: The School of Professional and Continuing Studies offers an array of Dean's Awards that are applied in your first year of study in equal halves in the fall term and in the spring term.
• Building Futures Scholarships $5,000 – $15,000: The Fordham REI Executive Advisory Council has created a Building Futures Scholarship Fund designed to offer financially challenged residents in the NYC five boroughs and surrounding counties access to graduate programs and meaningful careers in real estate and construction.

Courses

• Core Curriculum: 27 credits addressing the most important elements of real estate development, including legal issues, economics, market analysis, finance, construction methods and materials, pre-construction planning and design, entitlements, zoning, investment analysis, and feasibility analysis.
• Elective Program: 6 credits allowing students to immerse themselves in specialized topics of their choice.
• Capstone Project: 3 credits offering students the opportunity to apply what they have learned in a real-world setting using professional-quality practices.
• Course Highlights:
  • Real Estate Finance
  • Real Estate Legal Concepts and Contracts
  • Construction Methods and Materials
  • Real Estate Economics and Market Analysis
  • Land Use
  • Planning and Design for Development
  • Real Estate Valuation and Investment Analysis
  • Pre-Construction Planning and Development
  • Real Estate Development Process
  • Real Estate Development Feasibility Study

Faculty Spotlight

Joshua Harris, Ph.D., CRE, CCIM, is a leading real estate economist and investment strategist specializing in real estate development, finance, capital markets, and business organizational leadership and strategy.

F.A.Q.

• What are the career paths with a real estate development degree?
  • Graduates of the Master of Science in real estate development program would be expected to take mid- to senior management positions within the commercial real estate industry.
  • Career paths include:
    • Real estate acquisitions
    • Real estate advisory/consulting services
    • Real estate appraisal/valuation
    • Real estate asset management
    • Real estate development
    • Real estate dispositions
    • Real estate economics (research)
    • Real estate investment (analyst)
    • Real estate investment (as principal)
    • Real estate law
    • Real estate loan servicing
    • Real estate management (corporate real estate)
    • Real estate marketing and public relations
    • Real estate operations and management for government entities
    • Real estate portfolio management
    • Real estate property management (commercial and residential)
• Can I work while enrolled in the program?
  • Yes, our program is designed for working professionals and career changers.
• Is any specific job experience required?
  • No, we welcome applicants directly out of undergraduate studies and career changers.
• Are there mentoring opportunities in hospitality?
  • Yes, through the Fordham REI Executive Advisory Council, the REI Mentorship Program pairs REI master's students with dedicated, experienced industry professionals.